Labor costs kept U.S. hotel GOPPAR down in June - U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month.

Aug 9, 2023 • Hospitality

Europe’s key hotel markets report highest GOPPAR of 2023 - Among the key markets, Paris posted the highest GOPPAR level, which was a 105.8% increase over May and 40.8% year-over-year.

Aug 9, 2023 • Hospitality

Many new luxury hotels are springing up in London - An influx of high-end openings is poised to catapult the city's luxury sector to new heights.

Aug 8, 2023 • Hospitality

Hyatt's business travel 86% recovered from the pandemic - Hyatt Hotels posted its fifth consecutive quarter of record results in Q2, with every business segment flying high.

Aug 7, 2023 • Hospitality

U.S. hotel industry growth slows in Q2 - Hotel fundamentals softened in Q2, largely due to a 1.5% year-over-year drop in occupancy.

Aug 7, 2023 • Hospitality

Marriott's Q2 highlights: Surge in Europe travel, China recovery - A surge in Americans' international travel as well as a rebound in China helped boost Marriott's global performance in the second quarter.

Aug 2, 2023 • Hospitality

Melia Hotels quarterly profit soars as revenue tops pre-pandemic levels - The company said the quarterly results showed the strength of a sustained demand without signs of a slowdown.

Aug 1, 2023 • Hospitality

Hilton sees no slowdown in travel demand - The company continues to see a strong hunger for travel through 2023 and into early 2024.

Jul 27, 2023 • Hospitality